CITY TRAMWAYS.

Dominion, Volume 2, Issue 510, 18 May 1909, Page 6

CITY TRAMWAYS.

;v:. ANNUAL BALANCE-SHEET; '.'. .'.-.;, .'-,.;/. ..'. NeV STJEPLTJS, JE5934. ' ..;',- ";'PASSENGEES.'CAEBIEI).: 21,679,902. " At yesterday's meeting of the Tramway Committee of, thoi City Counoil, the annual balancesheet of the Corporation tramways for the yent ending' March 31 was adopted. .The gross rovenue froin all sources amounted to .£136,436, an increase of.Xll/i25, as compared with the. previous year. Tko traffic revenue from city lines amounted to .£121,129, or .£6678 more thnn last , -year; AH lines showed an increase in traffic except Aro Street. The largest increase has been on the Kilbimie line, and. is due principally to the fact that Hhcpe has been a ■ full year ;of Hiramar and Seatoun traffic over this route, as against the traffio of a few months only in tko previous year. The revenue from tho sale of electric current shows a•' very satisfactory - increase, and' there is, says the city electrical engineer, every indication that the direct current power supply will, in the course of time, be a very lucrative business. The working.expenses of power supply and tramways amounted to .£91,672,. as compared with ,£82,838 last year, the principal increases being due, "to the larger service now run and increased expenditure on maintenance'of tracks andcars 1 .. The excessof revenue over working expenses amounted to Out of this nmonrit, interest on loan charges amounting t0..£20,651 has been met, £4934 has, been set'aside for sinking'fund oft loans, and JJI3 242 has been . charged against, revenue as depreciation. The balance, .£5934, represents tho'net surplus on the year's working. ... The total number of passengers earned on city lines was 21,679,902, or. 1,574,179. more than last vear. -The average number carried per oar mile was 10.53, as against 10.28 in the previous year.. The traffic, receipts on city lines arcraged 14.12 d. per car mile, or .4d. more than •last year- Tho car miles, run on all bnes amounted to. 2,203,539, an increase of. 133,947 as compared-with.the'previous, year.-. -.■■.■ - : ■ Included in tho revenue returns are follow,tems:—Karori line-cai: mileage dues, ■«<;«. Miramar dues, 19s.;. special cars, .£BS; carriage of moils and messengers, £375; and sale of electrical-energy, £7247. • . . •The chief iteme in the expenditure .acco-unt we're: Superintendence, .SIIGG; wages of motormen and conductors,. £37,096; wages of other traffio employees, £1093;. cleaning, oiung,. and sanding cars,■-. £3566; cleaning and . greasing track, .£1642 checking, including salaries of ticket /office' staff; and. inspectors,.;£4sßl; uniforms and badges,-. £815; rent of■■ .cannedsite, £400; salaries of general .officers and staff, £2679 r advertising, iprinting," and stationery/ £815 ;.law.'charges, £101; compensation for. accidents, £350; accident insurance, £1219. The general repairs and maintenance' totalled £18,467, including permanent way, ;£isol, electrical equipment of. lino, £2780; buildings and fixtures, £1366; cars, £8677. The power expenses amounted to £14,966, of which salaries wero responsible for £3731; fuel, £8213; and repairs to steam plant, , •'.. Interest' on loans was given ns follows :— Ti-ammiys £19,449; power'supply,' £1202. The , depreciation-"on tramway ;■ properties,' valued ■■ at £467,258, was.' £12,850, and oh power supply: properties valued at. £25,464, £392; a' total of £13,242. ... '.. ■/ ' The'sinking funds are invested as follow:— City. Corporation—22 ■ £100 bonds at ii'por cent., £2200-, 57 ; . £100 debentures in ■ Hunter Street Endowment at i per 'cent., ' £5700';. Karori Borough Council-3 ■ £100 .bonds at 43: per. cent., £300; mortgages on freehold Becnrity at 5J per cent, £496; Miramar JJorough CounciMβ £100 debentures at £97. 10s., at 4J' per cent, £15G0; il £100, debentures -at £95 at 4i per cent; £1045;. cash in hand, £6021; total, £17,322. -The amount at March 31, 1908, was £11,993; £4934, was set aside during - the year, and £395 was received by interest on investments."-- -.-■;'■':.-'■■■■'- ■:/"<' ■ '■''■■'■■■.;■-■ '..■-.■- ■■■ '- : ■■'The following table-shows the passengers car-ried-and traffio revenue for each -route during tho'year, with comparative, figures' , for 1S0S; the top lino in'. eaeh\ case .'corresponds to. 1909, and', tho bottom to 1903:— / ; : • . •■ Route. . '■■'.... . Passengers. Rovenue. ■■■-- -'.-.■. '.■..- ■': ■■■■'.. : ■ .-;.'■ ■'.■:-,£. ■ '. Island Bay - ... 3,170,C55". .-23,141 } r-:\-, - -'■:■ -.'■;■':. 2,964,159 : 22,111 ; ■■■'■' Newtown':' ~.L ' ... ■ G;61G,302 ; '- ■' 35,603 ' ;'Vv.--/;^..;,./: v' G,494,458 ' -85,221 ■!., - Constablo/Streot"...'.- 2,102,526.. 11,129 y ...:.- -~;: , , ...:.. 2,007,001 -,' .■ 10,671 :. "■-Oriental Bay':,' ■;;. '2,025,126' 10,727 ■■'•' V V ; . ''.' : i' "V: 2,023,941.;':; ,10,501,. ■Ji'tWallaca .Street •-' ■:.■/:■ ■1>,'335i263l > ,'335 i 263 - 6,431 '■ \{."}/\ \'l. , .1,317,150 . : .6,375 ..'-. ■ v'Arb Street. Z '.'' U. 1,116,520 . . . ' ;■:.■■".;_■"■:'.' ';:-•' '• • ''<"';' 1,123,538'. "'" : 5,590 ''. •; {1 U .^-1,344,593;', :'V:v-,■■'.'/' ",?;•'■;'.V - : ; 1,182,68 d, ■:;: 6,619 . '■■ ■'. Elbirnie ' :-; M ' i: U. 3,403,732'' :. 20,296 ' " . "': .' ■:'./:: '[". 2;412,333 . 'J4,G38 ■ v X-.»'21,114,522 120,441 .;"■■:,! .:,.;..■-. >,\ 19,555,291 ',111,789' , ■'■; School; tickfcts i; -i;: :009,582 ' : " . 687 r- /:'^:':;;, i :-v;;:y ; ,;. 299,884.',. \-\ m • '■'.':-. .Ke'turn-tickets ,v... '• '255,798' : ''•. "■ : '- ■'■ .'■"-'■": '■■ : V ■ :."''■'' " 250,545 ' ";:■'.!— ; : Total™ ~..-".„ 21,679,902 121,129 ..■'■' -.:,. '■r-:<■:':■■:: ■?;:': '.20,105,723: 112,451: :Tho following table of. statistical' informatipn .is of interest:—••• . . • ~ ' ■ , : Total :b0rr0wing'...u.1..^..'.v1..;.i....'.....':.'£493,423 Capital expenditure <..;«-..■. .:........„.> £564,354 Miles of lino open for traffic—City ......... 27.2 C-: ; ."' ' '■-..■:;'.'.■.■■'."■•■■■ Vv.-. , -" .Kiron"-..;.., ~2.8. ' '■• -.: : .: -'..• : : - . L - •'.' .Hirainar ; ... 4:1 '■.''•". :'■'.■■■ '■':'}. ■ ■ "■'-". - : - ■; Total, ...... 33.6 Average journeys per head per year'...:..... 301 Average fare'paid -............;.„.....■ 1.34 di Average expenses per passenger 99d. Average traffic revennp.pßrcar'hour .. ; .... 9s. Id.: Traffic rovenue per lh'ilo of angle tracts.' £3328 Number, of cars 'in. stock ,'„..„....._....... 80 .'Number of cars in daily traffic.. 1 ..'.'.-...... 64 Number of.units used-for-traotion and- ■■ " 'car ligntipjT .-....; .-.,..... :; 4,247,305 Averago carihUes per day per., car' -... '94 Average distance; per .car mile (hours)- i.. 7.84 .Percentage of expenses to receipts:—Working oxpenses, 67.19 per cent;; iinterest,: 15.14 p'er cent.; sinking' fundi : 3.62 per cent.; "depreciar tion, 9.70 A per cent.; liet surplus, 4.35 per cent.